A very good bonus bet from Sportsbet for keen punters. No turnover requirements for Aussies makes this a very good option. There may be some restrictions on which markets you can use it on, and you must use the bonus in a single bet - but these are a small price to pay for a great offer.

Bonus Bet Value9

Turnover Requirements10

Bonus Flexibility (Splitting Bets, Markets etc)6

Sportsbet are one of our absolute favourite bookmakers, their website is great, as are their weekly promotions. These two things should give you reason enough to bet with them regularly. If you want a more holistic review of Sportsbet, please click here to go to our Sportsbet review.

We’ve had a closer look at their sign up bonus offer, and want to provide you with the most comprehensive information page on what to expect when signing up for a Sportsbet bonus bet.

This is a no-nonsense, objective look at what they have to offer. We’ll be going over who the bonus bet is restricted to, turn over requirements, and any other terms and conditions attached to this Sportsbet bonus bet.

If you don’t have time to read the entire spiel (I’ve tried to be very thorough for those who want it), check out the table below which has the key points. Scroll down further for more information.

Sportsbet Bonus Bet Summary

Bonus Bet Amount

$501

Bonus Bet Qualifier

100% First Bet Bonus

Turnover Requirements

Australian Residents: None! Outside Australia: 5x turn over

Bonus Bet Restrictions

NSW, SA, WA, and VIC

Bonus Betting Requirements

Entire bonus bet must be used in 1 wager, cannot be split

Market Restrictions

There may be some markets which you cannot use this bonus bet on.

Bonus Bet Payout

Winnings not including stake

The offer

At face value, the Sportsbet bonus bet offer is pretty simple. “Join now for a bonus bet up to $501”. Sportsbet say they will match your first bet up to $501.

In essence this means when you create a Sportsbet account and deposit any amount of money, they will credit your account with a bonus bet equal to the value of your first bet.

Rating this bonus against other Australian bookmaker bonuses positions it on the upper end of monetary value. It’s pretty high up there, with only William Hill beating it out with a $700 bonus offer.

What’s the catch?

We’ve read through all of the terms and conditions and condensed all of the important bits into these 8 points. I recommend you have a very quick read of them so you know what you will be getting into!

The important bits

First and foremost – Bookmakers are not allowed to offer sign up bonuses to residents of NSW, WA, SA, and Vic. Unfortunately this is the case for all bookmaker sign up bonuses. This however does not preclude these residents from signing up with the bookie and receiving weekly promotions, loyalty Sportsbet bonus bets, and more.

You must place a ‘qualifying bet’ to receive your bonus bet. There is no further definition of a qualifying bet in Sportsbet terms. It appears to this also applies to matched bonus bet promotions that Sportsbet run weekly, so you would need to place a bet on the specified market. This has no impact on the sign up bonus bet, so placing a bet on any market should suffice.

Sportsbet official stance on when bonus bets will be credited is ‘within 24 hours, but usually much sooner’.

You must use your bonus bet within 30 days from the time it is credited to your account. If you don’t use it, it will be void.

You can only use bonus bets on markets which have the ‘bonus bet’ drop down menu available on them, Sportsbet mention they may sometimes restrict sports and events markets.

The entire bonus bet must be used in 1 bet. It cannot be split into smaller bets

Your bonus bet can’t be used in conjunction with any other Sportsbet bonus bet offer (ie. you can’t use it to place a cash back multi on the AFL)

If you win with your bonus bet, you will receive ONLY the winnings and not the stake back. For example, if you place a $50 bonus bet on a selection paying $3, you will receive only $100 in winnings (the original $50 stake is not returned to you as it would if you were betting with real money).

Turnover Requirements

If you are located outside of Australia, you must turn over any bonus bet winnings 5 times before you can withdraw it.

The AWESOME news is, if you ARE an Australian resident there are NO turn over requirements for bonus bets. You can withdraw your bonus bet winnings immediately after your bet settles if you wish!

Conclusion

All in all, the Sportsbet bonus bet is a very good offer. There are no turnover requirements on the bet, so that means you can use your bet and withdraw any winnings immediately.

Your matched bet bonus bet will be credited to your account immediately, if for any reason it is not please contact Sportsbet support via phone, live chat, or email.

Please note that this matched bet bonus of $501* is not available to residents of SA, NSW, VIC, and WA due to gaming regulations – however, if you are from these states you are more than welcome to sign up to Sportsbet and take advantage of their generous weekly betting promotions, please read all terms and conditions before betting.

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Note: unfortunately due to recent changes to gambling regulations, NSW residents are now ineligible to receive any money back offers from Australian bookmakers, please ensure you read all terms and conditions on each bookmakers website.